My Federal Retirement Help

  When preparing for retirement, federal employees face unique challenges that make retirement planning more complex. One important factor is the FERS offset social security . But what exactly does it mean, and how can it improve your retirement income? In this article, we’ll break it down and help you understand how FERS offset works and why it’s a crucial part of your federal retirement strategy. What Is FERS Offset social security? Federal employees covered by the Federal Employees Retirement System (FERS) often have their social security benefits offset. This means that when you qualify for social security, the amount you receive could be reduced based on your FERS pension. To put it simply, the FERS offset social security reduces your social security benefits to account for the pension you’re already receiving through FERS. The idea is to prevent a “double-dipping” situation, where you’re getting both full social security benefits and a pension based on your government service...